Guangdong Yueyun Transportation Co (HKSE:03399) Receivables Turnover : 9.81 (As of Dec. 2023)

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What is Guangdong Yueyun Transportation Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Guangdong Yueyun Transportation Co's Revenue for the six months ended in Dec. 2023 was HK$4,079 Mil. Guangdong Yueyun Transportation Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$416 Mil. Hence, Guangdong Yueyun Transportation Co's Receivables Turnover for the six months ended in Dec. 2023 was 9.81.

Guangdong Yueyun Transportation Co Receivables Turnover Historical Data

The historical data trend for Guangdong Yueyun Transportation Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Guangdong Yueyun Transportation Co Receivables Turnover Chart

Guangdong Yueyun Transportation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.10

14.77

16.44

14.88

20.12

Guangdong Yueyun Transportation Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															8.27	7.35	7.41	8.84	9.81

Competitive Comparison of Guangdong Yueyun Transportation Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Guangdong Yueyun Transportation Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Guangdong Yueyun Transportation Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Guangdong Yueyun Transportation Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Yueyun Transportation Co's Receivables Turnover falls into.

Guangdong Yueyun Transportation Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Guangdong Yueyun Transportation Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	7904.993	/ (	(409.935	+	375.829)	/	2 )
=	7904.993	/	392.882
=	20.12

Guangdong Yueyun Transportation Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4078.663	/ (	(455.536	+	375.829)	/	2 )
=	4078.663	/	415.6825
=	9.81

Guangdong Yueyun Transportation Co (HKSE:03399) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Guangdong Yueyun Transportation Co Receivables Turnover Related Terms

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Guangdong Yueyun Transportation Co (HKSE:03399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangdong Yueyun Transportation Co Ltd (HKSE:03399) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Rooms 3108 - 3112, 31st Floor, Hong Kong Plaza, Hong Kong, HKG

Website

http://www.gdyueyun.com

Guangdong Yueyun Transportation Co Ltd is an investment holding company principally engaged in the travel services business. The group along with its subsidiaries is an integrated transportation and logistics service provider. The segments of the company are expressway service zones operation, road passenger transportation and auxiliary, taiping interchange operation, and other business. It derives a majority of its revenue from the expressway service zones operation segment. The Travel services business is categorized into Expressway Service Zones Operation (Energy Business, Retail Business, Merchant Solicitation Business, Advertising Business), Road Passenger Transportation and Auxiliary Services, and Operation of Taiping Interchange.

Executives

Pope Asset Management Llc	2102 Investment manager
Shah Capital Management	2102 Investment manager

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